"I thought we executed the game plan perfectly, I thought our players played extremely hard," Canadian coach Allison McNeill said in a release. "The pace is where we wanted, but too many free throws missed from the three point line and too many missed layups. We'll have to correct it for our next game."
The loss drops Canada to a 1-2 record in the Olympic tournament, while France (3-0) remains atop Group B with the win.
Canada currently has four points and sits third in their group, but will need to finish among the top four teams in their group to advance to the quarter-finals.
The Canadians next play Brazil on Friday, a team that dropped their third straight match at the Olympics on Wednesday.
Brazil suffered a 67-61 loss to Australia, keeping them winless and in fifth place in Group B while Lauren Jackson became the all-time leading scorer in Olympic women's basketball history with 18 points in Australia's win.
Jackson topped American Lisa Leslie, who had 488 points while leading the U.S. to four consecutive gold medals from 1996-2008. The Aussies were coming off a 74-70 overtime loss to France — their first defeat in the Olympics to a team other than the United States since the 1996 Atlanta Games.
Liz Cambage added 17 points for Australia.